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It's a sad state of affairs when so much of a country's wealth is in digging up a finite resource (a few of which will be required less and less in future, like coal) or simply recycling assets (housing).
I feel sad for younger and future generations with regards to house prices. The only way to fix it is to make house prices fall, but that will never happen because housing is a protected ponzi scheme in Australia.
Helping first home buyers enter the market simply increases the price of the asset on sale by what you input (if a FHB has an extra 20k to spend, well surprisingly the market will increase by that amount quickly and make things worse).
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